For several months, much of the media downplayed the effects of inflation and the supply chain crisis, with some even calling the economic difficulties “good” for Americans, despite it being an expensive burden for families this holiday season.
Most recently, Yahoo Finance wrote, “Maybe Christmas shortages are a gift.” In his piece, senior columnist Rick Newman spoke in favor of “partial Christmas” – not just in the current rocky climate, but for many years to come.
“Save money, time, and aggravation by leveraging the pandemic shortage to reduce your purchasing burden,” he wrote.
“Collusion is illegal in business – but not in parenting,” he later said. “So persuade as many of your co-parents to the scheme as you can. It’s a solid suggestion: Save money, time and aggravation by taking advantage of the pandemic to reduce your shopping burden. Maybe you’ll actually enjoy the holidays for once. Use them “money you save to buy something good for yourself. If you’re nervous, keep some cash on hand for the sale the next day.”
“Maybe Partial Christmas is more like real Christmas than the Excessive version,” he concluded. “Reluctant parents have a chance to find out.”
ECONOMIC EXPERTS PROPOSE BOTH ‘INNOCENT’ AND POLITICAL REASONS, MEDIA HAS LECTURE DURING THE SUPPLY CHAIN CRISIS
MSNBC’s opinion columnist James Surowiecki similarly argued that inflation could actually be a good thing for the economy.
“Although millions of Americans lost their jobs, improved unemployment benefits and stimulus payments made many of them better off, not worse,” he wrote. “And the stock market, after first falling, boomed.”
Liberal media have also managed to blame, mock, or lecture Americans affected by the supply chain shortage. Time magazine was beaten for its “in top class“journalism after publishing a piece entitled” How American Shoppers Broke the Supply Chain. “
Prior to this report, The Atlantic also seemed to blame US customers for the ongoing shortage of the supply chain.
“Supply chain problems could be solved faster if wealthy Americans would stop buying things they do not need and often do not even really want,” the Liberal magazine wrote last month.
New York Times writer Sarah Jeong accused those worried about inflation of “turning their s —” over devalued assets. Carol Roth, author of “The War on Small Business,” offered a preview.
“You can check almost * any * asset class and know that this makes absolutely no sense – assets have been inflated to record levels of Fed $ printing and government stimulus. Here, for example, is the S&P 500. Inflation is a tax that affects the middle class and poor most. Facts> feels, “tweeted Roth.
Other prominent media figures have sparked online outrage by suggesting that Americans exaggerated the supply chain crisis. CNN’s Brian Stelter posted a picture of a fully equipped Wegman’s store with a caption suggesting there was still an “abundance” of groceries available. Critics noted that not everyone has the money to shop at Wegman’s and that most milk is produced locally and not imported.
One of the most prominent examples of savvy people downplaying rising inflation came from MSNBC’s Stephanie Ruhle. In an interview with “Sunday Today” host Willie Geist earlier this month, Ruhle claimed that Americans “on average” can afford the higher prices that come with inflation, earning her the nickname “Stephanie Antoinette” from her critics.
“The little dirty secret here, Willie, while no one likes to pay more, we have the money to do it on average,” she told NBC. “Household savings hit record highs over the pandemic, we didn’t really have anywhere to go out and spend.”
That was one of several unpopular statements from Ruhle this year, including when she covered up Democrats who were beaten by hints that they have actually had a positive impact on the economy.
“And that’s unfortunate, but the Democrats are not doing a good job of telling their economic history. Yes, this inflation rate is not a good number. But they have a great economic history to tell, right? Five million jobs created 200 million people “vaccinated. These vaccine numbers are directly linked to the economy. You could not open the economy without getting America healthy again. We are seeing economic improvement. What the Biden administration is not doing is selling it and they can,” Ruhle said.
Several experts or news media have tried to make excuses for the struggling economy during the Biden administration. In his analysis for CNN, Stephen Collinson lamented how Republicans went on the offensive against President Biden for the economic struggles without taking into account “mitigating factors” such as a pandemic-induced increase in demand and COVID-19 shutdowns.
“None of these mitigating factors prevent Republicans from exploiting the painful increases in living costs and prices at the pumps to slam ‘Bidenflation’ and argue that the president’s ambitious political program is wasting past economic gains,” Collinson wrote in the section. entitled “Republicans Pounce”.
TIME SARCASTIC CHRISTMAS JOURNAL FOR ‘TOP NOTCH NOTICE AFTER CONSIDERING CONSUMERS OF SUPPLY CHAIN CRISIS
MSNBC’s Joy Reid came to the same conclusion, suggesting to viewers that the idea that the economy is in trouble is just a Republican saying.
“So the Republicans want you to believe that the economy is not good, that it’s terrible. Unemployment is at its lowest point since the pandemic began. Prices are higher, which is never good, but Americans are spending a record amount that was trapped during the pandemic, which economy 101 will tell you drives up prices, also called inflation, “Reid explained.
Reid summed up the situation as such: “The economy is not bad. People are crazy because everything is late and things cost a little more.”
Economic experts recently told Fox News Digital that while the pandemic had an impact on the supply chain, Biden had stimulus packages, his unemployment insurance program that kept Americans out of the workforce, and a number of other policies. Former Obama economic adviser Steven Rattner has argued for the same thing, including in a statement to The New York Times, in which he asked how the current administration got inflation “so wrong.”
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Biden spoke about the state of the economy during a speech in the White House on Tuesday, but went without asking questions.